Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611342
Bank Name:Indian Bank
Branch Name:Jamshedpur Main Branch
Reserve Price:₹37,02,000
EMD:₹3,71,000
Bid Increment:₹37,020
Auction Time:10:00 AM to 04:00 PM with unlimited extension of 10 minutes each.
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Jamshedpur, Jharkhand, being auctioned by Indian Bank under SARFAESI laws. The property is situated in the Jamshedpur area. It is categorized as a residential asset and was owned by M/s. Malti Enterprises. This presents an opportunity to acquire a flat in a prominent location.
State:Jharkhand
City:Jamshedpur
Area:jamshedpur
Asset Category:Residential
Full Address:103, Neha Block, Arjun Complex, Flat No. 103, 1st Floor, Neha Block, Arjun Complex, Mouza - Jugsalai, PO & PS - Jugsalai, Thana No. 1161, Khata No. 6, Plot No. 839(a), 839(b), Jugsalai Municipality, Old Ward No. 2, New Ward No. 4, Distt.-East Singhbhum, Jugsalai, Jamshedpur
Building/Society:Neha Block, Arjun Complex
Size:1238 Sq.ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Jamshedpur, Jharkhand. The auction is scheduled to take place on November 19, 2025, starting at 10:00 AM and concluding at 4:00 PM on the same day. The reserve price for this auction is INR 3,702,000, with an Earnest Money Deposit (EMD) of INR 371,000 required to participate. Interested bidders are advised to review all auction terms and conditions before placing their bids.
Borrower Name:M/s. Malti Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Binod Kumar Singh, Mr. Rohit Singh, Mr. Rohan Singh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property offers a reasonable investment opportunity given its location in Jamshedpur and the size of the flat. The reserve price and EMD are competitive, but further due diligence is recommended to assess potential risks and the property's long-term value. It's a calculated opportunity worth considering.
Contact Details
Branch:Branch Office : Jamshedpur Main Branch
Service Provider:BAANKNET
Contact Details:
Mr. Prabhat Kumar
Contact no:7380570241
